Question 1

What is First Citizens BancShares's FDIC assessments?

Accepted Answer

First Citizens BancShares (FCNCA) reported FDIC assessments of $39M in Q2 2026.

Question 2

How has First Citizens BancShares's FDIC assessments changed year-over-year?

Accepted Answer

First Citizens BancShares's FDIC assessments increased by 2.6% year-over-year, from $38M to $39M.

Question 3

What is the long-term trend for First Citizens BancShares's FDIC assessments?

Accepted Answer

Over 4 years (2021 to 2025), First Citizens BancShares's FDIC assessments has grown at a 78.1% compound annual growth rate (CAGR), from $14M to $141M.

Question 4

What does FDIC assessments mean?

Accepted Answer

This represents the periodic assessments paid to the Federal Deposit Insurance Corporation to insure customer deposits against bank failure. The expense is calculated based on the bank's total deposit base and its risk profile as determined by regulatory standards. It serves as a mandatory cost of doing business for retail and commercial banks and reflects the regulatory burden on deposit-taking activities.

dollars in millions, except share and per share data	Three Months Ended June 30, 2026	Three Months Ended June 30, 2025	Six Months Ended June 30, 2026	Six Months Ended June 30, 2025
Equipment expense	141	131	277	267
Professional fees	26	30	50	55
Third-party processing fees	100	63	193	126
FDIC insurance expense	39	38	77	76
Marketing expense	45	32	75	64
Acquisition-related expenses	8	38	13	80
Intangible asset amortization	11	13	24	28
Other noninterest expense	110	129	212	239

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First Citizens BancShares FCNCA FDIC assessments